Citadel Realty & Developers (BOM:502445) ROCE % : 15.31% (As of Mar. 2024)

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What is Citadel Realty & Developers ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Citadel Realty & Developers's annualized ROCE % for the quarter that ended in Mar. 2024 was 15.31%.

Citadel Realty & Developers ROCE % Historical Data

The historical data trend for Citadel Realty & Developers's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Citadel Realty & Developers ROCE % Chart

Citadel Realty & Developers Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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18.18

21.18

23.26

18.16

15.84

Citadel Realty & Developers Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															13.26	16.56	15.26	15.98	15.31

Citadel Realty & Developers ROCE % Calculation

Citadel Realty & Developers's annualized ROCE % for the fiscal year that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	29.073	/	( ( (319.025 - 139.519)	+	(349.044 - 161.532) )	/ 2 )
	=	29.073	/	( (179.506	+	187.512)	/ 2 )
	=	29.073	/	183.509
	=	15.84 %

Citadel Realty & Developers's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	28.716	/	( ( (0 - 0)	+	(349.044 - 161.532) )	/ 1 )
	=	28.716	/	( ( 0	+	187.512 )	/ 1 )
	=	28.716	/	187.512
	=	15.31 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Citadel Realty & Developers (BOM:502445) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Citadel Realty & Developers ROCE % Related Terms

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Citadel Realty & Developers (BOM:502445) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Citadel Realty & Developers Ltd (BOM:502445) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Mulund-Goregaon Link Road, 702, Marathon Max, Mulund (West), Mumbai, MH, IND, 400080

Website

https://www.citadelrealty.in

Citadel Realty & Developers Ltd is mainly engaged in the business of construction, development, and sale of residential real estate projects. Geographically, it operates and Generates revenue in India.

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